Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks
Kraken parent Payward has launched more than 200 tokenized UK and EU stocks on its xStocks platform, including shares in HSBC, Shell, LVMH and Airbus. The tokens are backed one-to-one by shares held by a regulated custodian and can be traded on Kraken, partner platforms and supported blockchains. They are available in more than 110 markets but not to UK investors. The launch, developed with brokerage infrastructure firm GTN, brings xStocks above 1,500 tokenized stocks, ETFs and IPOs. Payward says the platform has $1.1 billion in assets and has processed $45 billion in volume. The company plans to add hundreds of Hong Kong stocks next, while a separate London Stock Exchange partnership could lead to xStocks trading on its planned 24-hour venue in 2027, subject to approval.
